Glossary

FCI

Fixed Capital Investment

Eligible plant, machinery and building investment on which entitlement and caps are computed.

net SGST

Net State GST

SGST actually discharged in cash after the statutory order of set-off — the only base most state incentives allow.

cash ledger

Electronic cash ledger

The GST ledger of tax paid in money rather than credit. Incentives are restricted to what it shows.

ITC

Input Tax Credit

Credit of tax paid on inputs, set off against output liability in a fixed statutory order.

order of set-off

Order of set-off

IGST credit against IGST first, remainder apportioned equally to CGST and SGST; the remainder is paid in cash.

IRN

Invoice Reference Number

The government-notarised hash of an e-invoice, generated on the IRP. Strong, timestamped evidence.

EWB

E-Way Bill

Movement document for goods above threshold value; proves an asset physically reached the unit.

ECR

Electronic Challan cum Return

Monthly EPFO return listing member-wise wages and contributions.

TRRN

Temporary Return Reference Number

EPFO challan reference that proves the contribution was actually remitted.

UAN

Universal Account Number

The employee's portable EPFO identifier; the join key between payroll and statutory filings.

DVA

Domestic Value Addition

Share of value added in-country; certified for schemes that reward local manufacturing.

APD

Actual Physical Development

Measured site progress used to open a milestone tranche.

CA certificate

Chartered Accountant certificate

Independent certification that tax was deposited and figures tie to the books.

pari-passu

Pari-passu

Disbursed in step with another funder, in the same proportion.

LD/NPP

Liquidated Damages / Non-Performance Penalty

Amounts recoverable when a beneficiary misses committed performance.

ring-fence

Ring-fence

A closed claim year that can no longer be reopened or adjusted.

note-sheet

Note-sheet

The government file format: File No., Subject, Paras, Proposal, Approval.

MCA/DIN

Ministry of Corporate Affairs / Director Identification Number

Company filings and the unique director ID that exposes related-party links.

Arachne

Arachne

The European Commission's risk-scoring tool for EU funds: data mining plus enrichment that ranks files and never decides.

PFMS

Public Financial Management System

India's central platform for tracking fund release and expenditure.

AA

Account Aggregator

Consent-based framework for sharing bank statement data.

GSP

GST Suvidha Provider

Licensed API intermediary to the GST and e-invoice systems.

DIC

District Industries Centre

District-level office that receives and appraises incentive applications.

MIDC

Maharashtra Industrial Development Corporation

State industrial land and infrastructure agency.

IDCO

Odisha Industrial Infrastructure Development Corporation

State industrial infrastructure agency.

SLFC

State Level Facilitation Committee

Committee that clears incentive and approval cases at state level.

CAG

Comptroller and Auditor General of India

Constitutional auditor whose reports set the questions an officer must answer.

M-SIPS

Modified Special Incentive Package Scheme

Predecessor central electronics manufacturing incentive scheme.

PLI

Production Linked Incentive

Central incentive paid on incremental production or sales.

Semicon 2.0

India Semiconductor Mission 2.0

Central programme supporting fabs, ATMP and design.

SPECS

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors

Central capex support scheme for electronics components.

DLI

Design Linked Incentive

Central support for semiconductor design companies.